What is Fibrous Finance? Things to know about the Fibrous Finance project

• What is Fibrous Finance?
• Improvements of Fibrous Finance
• What is the difference of Fibrous Finance?
• Fibrous Finance's development team
• Tokenomics
• summary

StarkNet is a ZK-rollup project built to scale Ethereum. This project uses STARK valid proof to verify transactions. Although STARK proofs are more computationally intensive, they can be moved off-chain compared to SNARKs, which results in higher scalability. 

Sequence on StarkNet performs bulk transactions on Layer 1, while the browser verifies the resulting proof. Data availability and settlement takes place on Ethereum. So far, both the sequence and the browser (operators) are managed by StarkWare. StarkNet's ecosystem is receiving great attention from institutional and individual investors. 

Although StarkNet is in the Alpha process – this is the stage before moving to the mainnet, the ecosystem also has some growing and maturing pieces of the puzzle. In this article we will learn the highlights of the Fibrous Finance project – a Dex Aggregator on StarkNet.

What is Fibrous Finance?

Fibrous Finance is a decentralized Dex Aggregator developed on top of Layer 2 scaling solution StarkNet. Fibrous Finance's mission is to aggregate the liquidity of all AMM DEXs on StarkNet to give users the best price when trading on this platform. 

The project designed a user-friendly interface, making it more efficient for them to transact on StarkNet and more accessible to newcomers. Currently the project is allowing users to experience Testnet. Readers can therefore visit testnet.fibrous.finance to experience for themselves the power of decentralized finance on the secure and scalable Rollup solution on Ethereum. If you're lucky, you can also get an Airdrop for being an early user through the Testnet.

Improvements of Fibrous Finance

At the beginning of 2023, Fibrous Finance released the 2nd version with many new features such as:

• Cross Rollup & Mainnet Bridging: This feature allows you to swap assets cross-chain.
• Multi token inputs: It allows you to swap as many different tokens as you want to get the token you want. Example: Swap 10 USDC and 10 DAI into ETH.
• Set limit orders: You can place trade orders with a fixed price or you can place take profit or stop loss orders.
• Fallback for Unauthorized Swap Transactions: To ensure fast transaction speeds, Fibrous Finance performs off-chain calculations and exchanges users' assets on-chain before sending assets to the address. user's wallet. In the event that the off-chain Fibrous API is not working, users will not be able to use Fibrous to trade. To overcome this problem, users can enable “fallback mode” and allow Fibrous to compute on-chain.
• Gasless Trading: Fibrous Finance is working on a swap tool that will allow users to trade with no fees and prevent MEV attacks.

What is the difference of Fibrous Finance?

The difference of Fibrous Finance from other Dex Aggregators is that this project will divide users' assets into many different pools and AMMs through aggregations and find an optimal asset swap price. best for users.

This is really a special and extremely necessary factor for Fibrous Finance to bring users a better experience. In particular, it also helps users to execute large-volume Swap orders more smoothly. As we all know, the disadvantage of current DEX exchanges is that the liquidity is not really good and for large volume Swap orders, it will create high slippage, causing losses for investors.

Fibrous Finance's development team

The team of Fiborus Finance has not revealed any information yet. They are anonymous developers. TraderH4 team will monitor and update more information about the team in the near future.

Tokenomics

Currently the project is in the Testnet stage, so the information about Tokenomics has not been revealed yet. 

summary

Above is some basic information about the DEX Aggregator – Fibrous Finance project. Currently, information about the project is still quite small, so we still do not have much basis to evaluate the potential of this project. If readers are interested in this project, you can follow social networking channels such as: 

Website | Twitter | Medium

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